Business Expenses

When you own a business it’s much more than simply a job. It usually becomes a key part of your identify, your passion, and it may well also be your family’s main income source. If something were to happen to you to stop you working, could your business keep running without you?

If you’re self-employed or in a small partnership, your extended absence from the business through sickness or injury can have a major impact on the bottom line. Business Expenses Insurance gives you the peace of mind that if you are unable to work for a period of time you can still cover your business expenses without going into debt.

Do I need Business Expenses Insurance?

If the operation of your business depends on you being able to work in it, then you need Business Expenses Insurance. Similar to Income Protection Insurance, this policy pays a monthly benefit to cover ongoing business expenses in the event that a business owner suffers an illness or injury and is unable to work.

What can Business Expenses Insurance cover?

Business Expenses Insurance can cover business expenses, such as salaries, rent, equipment leases, mortgage payments, and other business overheads.

Other things to consider

Business Expenses Insurance helps your business stay operational while you are recovering from an injury or illness. It is separate to Business Interruption Insurance.